Apple CEO Tim Cook announced this week that his firm has about 800 million iTunes accounts, up from 575 million in June 2013. Mobile payments could turn all of those iTunes accounts into a "gold mine," judges Nigam Arora, editor of the Arora Report and contributor to Forbes.
Apple makes the vast majority of its money selling iPhones and iPads, but as profits get squeezed on hardware, it could be better served by concentrating on content instead.
Apple unexpectedly released the sixth beta version of its new iOS 7 operating system Thursday afternoon. The company issued iOS 7 beta 5 less than two weeks ago and typically drops new iOS updates to developers on Monday mornings, suggesting this latest over-the-air release contains improvements deemed critical by Apple brass.
Listening to digital music files remains the leading consumer activity across Apple's iTunes platform, but free iOS application downloads are narrowing the gap, according to a new NPD Group report.
Record iTunes billings and iPhone sales helped Apple post fiscal third-quarter revenues of $35.3 billion, up slightly from $35 billion in the year-ago quarter. Net profits fell to $6.9 billion from $8.8 billion in the year-earlier period.
Although it is more 'under-the-covers' information, iTunes is a user of both Hadoop and Teradata large-scale data warehousing.
Apple's much-rumored streaming music service remains in limbo as a result of ongoing licensing negotiations with the major record labels, The Financial Times reports.
Twitter officially launched its much anticipated #music discovery and sharing app via Apple's iOS platform and the Web.
April 20 is Record Store Day, the annual celebration of independent music retailers that brings a deluge of limited-edition vinyl releases from labels both large and small. If you fit within the target demographic--read: nerdy, music-obsessed males north of age 30--Record Store Day is quite possibly your favorite day of the calendar year. If you don't, you probably can't imagine why any sane person would wake up at the crack of dawn to stand in line for a shot at a 180-gram, purple vinyl pressing of Captain Beefheart and the Magic Band's Live at Frank Freeman's Beat Club.
Google's YouTube unit reportedly plans to launch a streaming music subscription service later this year, complementing and in some cases overlapping with Google's previously rumored streaming radio effort optimized for mobile devices.